On September 5, 2023, the Securities and Exchange Commission (the “SEC”) posted and declared effective a Nasdaq rule proposal modifying requirements related to a waiver of the code of conduct in Listing Rules 5610 and IM-5610. The new rules allow committees of a company’s board of directors to approve waivers of the code of conduct
Ziv Schwartz
Top 10 Practice Tips: Registered Direct Offerings
By Anna T. Pinedo & Ziv Schwartz on
Posted in Registered Direct Offerings, Resources
This practice note provides practical guidance for counsel working on a registered direct offering (“RDO”). An RDO is a public offering of securities sold on a best efforts basis by a placement agent engaged by an issuer to introduce the issuer to potential investors. An RDO is generally targeted to a select number of accredited…